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Gross Domestic Product (QoQ)

The Australian Bureau of Statistics (ABS) releases the Gross Domestic Product (GDP) on a quarterly basis. It is published about 65 days after the quarter ends. The indicator is closely watched, as it paints an important picture for the economy. A strong labor market, rising wages and rising private capital expenditure data are critical for the country’s improved economic performance, which in turn impacts the Reserve Bank of Australia’s (RBA) monetary policy decision and the Australian dollar. Actual figures beating estimates is considered AUD bullish, as it could prompt the RBA to tighten its monetary policy.

Most recent - Wednesday 6 September 2023 01:30

Previous
0.2%
Revised
0.4%
Forecast
0.3%
Actual
0.4%

Higher numbers than forecast tend to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.

Next event - Wednesday 6 December 2023 00:30

Previous
0.4%
Forecast
-
Actual
-

The typical/expected impact on AUD pairs is high.

There is no forecast value for Gross Domestic Product (QoQ) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product (QoQ) was 0.4% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
Wednesday 6 September 2023 01:30
0.3%
0.4%
Wednesday 7 June 2023 01:30
0.3%
0.2%
Wednesday 1 March 2023 00:30
0.8%
0.5%
Wednesday 7 December 2022 00:30
0.7%
0.6%
Wednesday 7 September 2022 01:30
1%
0.9%
Wednesday 1 June 2022 01:30
0.7%
0.8%
Wednesday 2 March 2022 00:30
3%
3.4%
Wednesday 1 December 2021 00:30
-2.7%
-1.9%
Wednesday 1 September 2021 01:30
0.5%
0.7%
Wednesday 2 June 2021 01:30
1.5%
1.8%
Wednesday 3 March 2021 00:30
2.5%
3.1%
Wednesday 2 December 2020 00:30
2.6%
3.3%

Economic context

Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:

PreviousLatest
Retail Sales s.a. (MoM)Bearish change0.5%0.2%
S&P Global Composite PMIBullish change4850.2
S&P Global Manufacturing PMIBearish change49.648.2
S&P Global Services PMIBullish change47.850.5

About Gross Domestic Product (QoQ)

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Economic Activity
Frequency:Quarterly

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